Total net assets of the Fund* on April 30, 2017 were $158,949,582, as compared with $157,190,299 on January 31, 2017 and $165,550,453 on April 30, 2016. On April 30, 2017, the net asset value per share of common stock was $15.09 based on 8,554,668 shares of common stock outstanding.

April 30, 2017

January 31, 2017

April 30, 2016

Total Net Assets

$158,949,582

$157,190,299

$165,550,453

NAV Per Share

$15.09

$14.88

$15.86

Shares Outstanding

8,554,668

8,554,668

8,554,668

For the period February 1, 2017 through April 30, 2017, total net investment income was $1,196,858 or $0.14 per share of common stock. The total net realized and unrealized gain was $1,900,771 or $0.22 per share of common stock for the same period.

Second Quarter

Ended

April 30, 2017

First Quarter

Ended

January 31, 2017

Second Quarter

Ended

April 30, 2016

Total Net Investment Income

$1,196,858

$1,393,749

$1,391,402

Per Share

$0.14

$0.16

$0.16

Total Net Realized/

Unrealized Gain (Loss)

$1,900,771

($8,217,089)

$1,591,171

Per Share

$0.22

($0.96)

$0.19

* Total net assets include assets attributable to both common and preferred shares.